SiteOne Landscape Supply, Inc. $SITE Shares Bought by Brighton Jones LLC

Brighton Jones LLC boosted its position in shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) by 192.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,805 shares of the industrial products company’s stock after buying an additional 6,457 shares during the period. Brighton Jones LLC’s holdings in SiteOne Landscape Supply were worth $885,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY acquired a new stake in shares of SiteOne Landscape Supply in the second quarter valued at about $232,115,000. BlackRock Inc. purchased a new position in shares of SiteOne Landscape Supply in the second quarter worth about $221,355,000. Amundi boosted its position in SiteOne Landscape Supply by 49.0% during the second quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock worth $120,043,000 after acquiring an additional 344,980 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in SiteOne Landscape Supply by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 805,336 shares of the industrial products company’s stock worth $107,191,000 after acquiring an additional 28,958 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new stake in SiteOne Landscape Supply during the 2nd quarter valued at about $59,521,000.

Insider Transactions at SiteOne Landscape Supply

In other news, CEO Doug Black purchased 9,100 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average price of $110.30 per share, for a total transaction of $1,003,730.00. Following the acquisition, the chief executive officer directly owned 18,141 shares of the company’s stock, valued at approximately $2,000,952.30. The trade was a 100.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $114.03 on Thursday. The stock has a market cap of $4.92 billion, a PE ratio of 30.57, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. SiteOne Landscape Supply, Inc. has a twelve month low of $82.00 and a twelve month high of $168.56. The stock has a fifty day simple moving average of $97.59 and a 200-day simple moving average of $115.29.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, October 28th. The industrial products company reported $1.46 earnings per share for the quarter, meeting the consensus estimate of $1.46. SiteOne Landscape Supply had a net margin of 3.49% and a return on equity of 10.06%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts anticipate that SiteOne Landscape Supply, Inc. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SITE. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a report on Wednesday, October 7th. KeyCorp lowered their target price on SiteOne Landscape Supply from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada dropped their price target on SiteOne Landscape Supply from $135.00 to $124.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Weiss Ratings lowered SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, November 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $114.00 price target on shares of SiteOne Landscape Supply in a report on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $123.00.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply is a wholesale distributor of products and services for the landscape, irrigation, and outdoor living industries. Its customers include landscape contractors, irrigation professionals, lawn-care businesses, and other green-industry professionals. The company offers a broad range of supplies, including irrigation and drainage products, nursery goods, fertilizer and other agronomic products, hardscape materials, outdoor lighting, tools, and snow and ice management products.